NOT LISTED FOR SALE

146 28th St Hermosa Beach, CA 90254

Estimated Value: $5,321,000 - $6,280,000

2 Beds
1 Bath
1,466 Sq Ft
$3,978/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $1,200,000 $819 Per Sq Ft

Est. 386% increase in value since last sale

Current estimated payment $34,958/month

18 Days on Market

Highlights

  • Corner Lot
  • Hermosa Valley Elementary School Rated A
  • No HOA

About This Home

As of November 2012

Prime North End Location.
One block to the Strand.
Two freestanding units. Front unit has hardwood floors. Rear unit sits above the double garage.
Plenty of street parking (both sides of 28th).
Double garage plus large storage room.

Large patio between the units.

Last Agent to Sell the Property

Chris Broadhurst

Chris Broadhurst License #00615897 Listed on: 08/30/2012

Last Buyer's Agent

Fred Zuelich

eXp Realty of California Inc License #00669414

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,342

Year Built

  • Built in 1947

Lot Details

  • 2,482 Sq Ft Lot
  • Lot Dimensions are 30 x 80
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • 1,466 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Legal Lot and Block 7 / 2
  • Tax Tract Number 147
  • Assessor Parcel Number 4181026017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $400
  • Insurance Expense $2,100
  • Trash Expense $910
  • Water Sewer Expense $750
  • New Taxes Expense $15,000
  • Gross Income $3,250
  • Net Operating Income $34,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,342

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Water Sewer Expenses: 750.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 4181026017
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 818.55

Exterior Features

  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 2.00

Utilities

  • Trash Expense: 910.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size: 30 x 80
  • Lot Size Sq Ft: 2482.00
  • Lot Size Acres: 0.0570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 3250.00
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 2482.0000 Square Feet
  • Net Operating Income: 34640.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4360.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Block: 2
  • Taxes Percent: 1.25
  • Tax Lot: 7
  • Tax Tract Number: 147
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2013
Sold by
Titan & Co Real Estate Partners Llc
Bought by
Edmonstone Sandy and Budd Thomas
Current Estimated Value
$5,831,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
4.04%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Aug 30, 2012
Closed on
Oct 3, 2012
Sold by
Samuel Roger Farrell and Samuel Gail Levitt
Bought by
Titan & Co Real Estate Partners Llc
Seller's Agent
Chris Broadhurst
Chris Broadhurst
Buyer's Agent
Fred Zuelich
eXp Realty of California Inc
List Price
$1,295,000
Sold Price
$1,200,000
Premium/Discount to List
-$95,000
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$147,000
Interest Rate
3.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2002
Sold by
Samuel Roger Farrell and Samuel Gail Levitt
Bought by
Samuel Roger Farrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.94%

Purchase Details

Closed on
Mar 6, 2002
Sold by
Samuel Roger Farrell and Samuel Gail Levitt
Bought by
Samuel Roger Farrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
6.94%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Edmonstone Sandy $2,800,000 Usa National Title Co
Titan & Co Real Estate Partners Llc $1,200,000 Fidelity National Title Co
Samuel Roger Farrell -- --
Samuel Roger Farrell -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Titan & Co Real Estate Partners Llc $2,800,000
Previous Owner Titan & Co Real Estate Partners Llc $147,000
Previous Owner Titan & Co Real Estate Partners Llc $147,000
Previous Owner Titan & Co Real Estate Partners Llc $1,950,000
Previous Owner Samuel Gail L $100,000
Previous Owner Samuel Roger Farrell $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $1,200,000 -7.3% $819 / Sq Ft
09/17/2012 09/17/12 Pending -- -- --
08/30/2012 08/30/12 For Sale $1,295,000 -- $883 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,342 $3,432,406 $1,482,062 $1,950,344
2024 $36,342 $3,365,104 $1,453,002 $1,912,102
2023 $35,589 $3,299,122 $1,424,512 $1,874,610
2022 $34,952 $3,234,434 $1,396,581 $1,837,853
2021 $34,336 $3,171,015 $1,369,198 $1,801,817
2019 $33,431 $3,076,963 $1,328,588 $1,748,375
2018 $32,335 $3,016,632 $1,302,538 $1,714,094
2016 $30,714 $2,899,495 $1,251,960 $1,647,535
2015 $30,122 $2,855,943 $1,233,155 $1,622,788
2014 -- $1,205,448 $1,104,994 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12108711

California Regional Multiple Listing Service (CRMLS)

APN: 4181-026-017